Posted on 07/31/2011 5:13:39 AM PDT by Alas Babylon!
The Talk Shows
July 31st, 2011
Guests to be interviewed today on major television talk shows:
FOX NEWS SUNDAY (Fox Network): Rep. Kevin McCarthy, R-Calif.; Sens. Dick Durbin, D-Ill., and Jon Kyl, R-Ariz.; Gene Sperling, director, National Economic Council.
MEET THE PRESS (NBC): White House adviser David Plouffe; Sen. John Thune, R-S.D., chair, Republican Policy Committee, Finance Committee; Sen. Claire McCaskill, D-Mo.; Rep. Raul Labrador, R-Idaho; former Gov. Jennifer Granholm, D-Mich.
FACE THE NATION (CBS): Senate Minority Leader Mitch McConnell, R-Ky.; Sen. Chuck U. Schumer, D-N.Y.
THIS WEEK (ABC): Plouffe; Sen. Lindsey Graham, R-S.C.
STATE OF THE UNION (CNN): McConnell; Schumer; Gene Sperling, director, National Economic Council; Mark Zandi, chief economist, Moody's Analytics.
Labrador is up on all his facts and fearless. A winning combination. He’s my new hero.
So... let the crybaby Marxist, Narcissist have his way so he has can take his expensive vacations, campaign and travel on AF1 nonstop without having to feel guilty or have people talk about it. That’s what this is really all about. He cares about one thing and one thing only.... make it go away so it doesn’t interfere with his vacations and campaigning. Whatever else is in it is irrelevant and he would sign it in a second. However, the Senate won’t. They don’t want their spending spree cut. Barry the Kenyan couldn’t care less. All that matters to him is that is goes away until after 2012 so he can have a free for all through the next election.
I say NO! But don’t worry, rest assured Boehner will cave, and probably cry a little and the Kenyan will be pleased and the media will say the one won again.
Morning Phss....
From your keyboard to God’s ears.
Your link refers to a debt ceiling rise of 2.1 to 2.4 trillion but does not say when any of that kicks in! If it kicks in immediately we will have been rolled again and all the wrangling/hand wringing we have done for so many weeks has been for nothing. We need more specificity.
When Bret asked Kevin McCarthy about that CNN poll I practically gagged. They don’t take a poll they manufacture them to suit Master Soros’ agenda. I automatically adjust their polls by 20 points to correct for their bias.
Well, I am behind on getting my listings done today due to computer problems yesterday, so I must depart.
Nice talking to all of you. Pray for the nation, and be prepared with cash, food, and supplies for self-defense.
I will be back to check on the rest of the thread some time this evening.
I think its clear Boehner will be replaced by a much stronger leader in 2012. Nothing against the man just that he is over his head, IMHO.
I was also extremely impressed with Raul Labrador (R) Idaho.
He is now in my ‘Top 10’ list of Representatives that understand what is going on (and not too far behind Paul Ryan)!
And he’s not even a Tea Partier.
"And I had done a hellish thing,
And it would work 'em woe:
For all averred, I had killed the bird
That made the breeze to blow.
Ah wretch! said they, the bird to slay,
That made the breeze to blow!"
Great to hear form you bud! You are asking the question America wants to know, what will Sarah do and when?
Yeah you are probably right,it is an example of how good the left is at turning the tables on us over and over. My hope is we learn from them.
Always great to hear from you MM.
GAO’s report (11-696)page 131 :
From 2008 thru 2010 we lent out more than our GDP (14T), or our current debt! Unless I am reading this wrong, does that not boggle the mind?
The list of institutions that received the most money from the Federal Reserve
can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
Now read this:
How a $13 Trillion Cover Story was Written
June 17, 2011
By Michael Hudson
Free money creation to bail out America’s elite financial speculators, but not for Social Security or Medicare
Excerpt, read rest at link below:
The Obama Administration’s Wall Street managers have kept the debt overhead in place – toxic mortgage debt, junk bonds, and most seriously, the novel web of collateralized debt obligations (CDO), credit default swaps (almost monopolized by A.I.G.) and kindred financial derivatives of a basically mathematical character that have developed in the 1990s and early 2000s.
These computerized casino cross-bets among the world’s leading financial institutions are the largest problem.
Instead of this network of reciprocal claims being let go, they have been taken onto the government’s own balance sheet. This has occurred not only in the United States but even more disastrously in Ireland, shifting the obligation to pay – on what were basically gambles rather than loans – from the financial institutions that had lost on these bets (fraudulently inflated loans) onto the government (“taxpayers”).
The government took over the mortgage lending guarantors Fannie Mae and Freddie Mac (privatizing the profits, “socializing” the losses) for $5.3 trillion – almost as much as the entire national debt. The Treasury lent $700 billion under the Troubled Asset Relief Plan (TARP) to Wall Street’s largest banks and brokerage houses. The latter re-incorporated themselves as “banks” to get Federal Reserve handouts and access to the Fed’s $2 trillion in “cash for trash” swaps crediting Wall Street with Fed deposits for otherwise “illiquid” loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments) – at “cost” based on full mark-to-model fictitious valuations.
Altogether, the post-2008 crash saw some $13 trillion in such obligations transferred onto the government’s balance sheet from high finance, euphemized as “the private sector” as if it were the core economy itself, rather than its calcifying shell.
Instead of losing on their bad bets, bad loans, toxic mortgages and outright fraudulent claims, the financial institutions cleaned up, at public expense. They collected enough to create a new century’s power elite to lord it over “taxpayers” in industry, agriculture and commerce who will be charged to pay off this debt.
If there was a silver lining to all this, it has been to demonstrate that if the Treasury and Federal Reserve can create $13 trillion of public obligations – money – electronically on computer keyboards, there really is no Social Security problem at all, no Medicare shortfall, no inability of the American government to rebuild the nation’s infrastructure.
http://michael-hudson.com/2011/06/how-a-13-trillion-cover-story-was-written/
At this moment I believe the vast majority gets it. Even in the “enemy” camp they understand how insane their leaders are.
BTW, just this moment on my local broadcast of FNS Juan just said that Obama was one of the bums that would be thrown out if that’s the kind of election we’re going to have.
“[That would be a formidable team, but I doubt they have enough executive experience. But, neither did/does Obama.]”
Difference being that they would take advise from good advisors. The 0 will NOT heed others and the others he has are communist idiologs.
Wealth is NOT income!
Wealth is Net Worth!
Income is Net Work!
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